$367,000
3 Bed Pool Home for Sale in Cape Coral
3706 NW 1st Terrace, Cape Coral, FL, 33993
About this home
Welcome to this adorable 3 bedroom, 2 bathroom, pool home conveniently located in the Burnt Store Road area near the newly approved Seven Lakes Project in NW Cape Coral. Seller has an ASSUMABLE FLOOD POLICY currently at the rate of $1692/annually. This split bedroom floor plan offers privacy as well as a moderately open concept with designated dining room, living room and bonus area that can utilized for a reading nook or bar area. The home offers vaulted ceilings, updated kitchen with solid wood cabinets, granite countertops and stainless steel appliances. The completely screened in lanai area is perfect for overflow gatherings as well as a completely fenced in backyard with a newer inground pool installed in 2021. The roof is 2020 giving you peace of mind of not having a replacement needed anytime soon and withstood all major storms in the past 4 years without damage. Home is conveniently placed amongst multi-million dollar, Gulf Access, homes giving you that luxurious Florida lifestyle without the huge price tag of owning a home. Extra bonus, all assessments are in and PAID IN FULL. This would be the perfect starter home, investment property, or second home for that new to the area buyer. Call us today for your private tour, you won't be sorry you did!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1989
- Interior
- 1,501 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 64
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,138/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Yes
- County
- Lee
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
Based on the $/sqft of 7 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months, similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 3801 SW 1st Lane | Sep 2025 | $350,000 | 3/2 | 1,586 | $221 |
| 119 SW 39th Place | Apr 2026 | $450,000 | 3/2 | 1,611 | $279 |
| 3601 SW 3rd Terrace | Feb 2026 | $340,000 | 3/2 | 1,417 | $240 |
| 212 NW 31st Place | Aug 2026 | $415,000 | 3/2 | 1,400 | $296 |
| 3531 SW 5th Street | May 2026 | $375,000 | 3/2 | 1,414 | $265 |
| 12206 Boat Shell Drive | Aug 2026 | $447,500 | 2/1 | 1,352 | $331 |
| Average | 6 comps | $396,250 | $272 |
Market trends, Cape Coral
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $7,000 (1.9%) from the original list price.
| May 30, 2026 | Price reducedfrom $374,000 | $367,000 |
| Mar 27, 2026 | Listed | $374,000 |
The good, the trade-offs & the location
- Private pool
- 2-car garage
- Built 1989 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.